Skanska Infrastructure Development is a world-leading company in public-private partnerships (PPP). We work in partnership with the public sector to invest in and develop major infrastructure projects such as roads, hospitals, schools, wind power stations and other social infrastructure.
In close cooperation with Skanska’s other operations, we assume overall responsibility for project engineering, construction, financing and the operation and maintenance of privately financed infrastructure. One of our core components is to increase the value of our investments and to ensure the creation of long-term benefits for end users. The lifecycle perspective is a cornerstone of our development work.
The New Karolinska Solna (NKS) is an excellent example of this. It is Skanska’s largest project to date and was secured through the pooling together of Skanska’s expertise in hospital construction in Sweden, the UK and the US. Furthermore, the design-build assignment is being jointly implemented by Swedish and British construction operations.
The work process
The selection process is central to our operations. Projects must fall within Skanska’s expertise and experience, and meet established yield requirements. The various phases are:
- Identifying and selecting projects
- Prequalifying ourselves as bidders
- Tendering phase
- Contract negotiation
- Financing, constructing and managing the project
- Divestment of the project
Together with construction operations, we perform a meticulous screening of risks and opportunities. In order to make a commercial assessment, we place great emphasis on understanding the customer’s requirements, limitations, visions and goals,
Skanska works with projects of considerably size and thus, often forms bidding syndicates together with one or more suitable partners. The bidding syndicate and any other partners then develop the tender together. The usual procedure is to prequalify ourselves, after which we put together an organization to work with the tender.
If the tendering efforts are successful, the bidding syndicate is convened for final negotiations with the customer and any potential financiers; this is followed by contracts and financing.
Construction and maintenance phase
A project company is subsequently formed, which, according to the contract, will secure the financing, procure and implement the construction, and control the assets and all the systems and service functions throughout the operational phase. The construction phase is followed by a transition to the operational phase, which normally lasts for 25 to 30 years.
When the market is mature, our investment in the project company can be sold to another investor or the company may be liquidated altogether on expiration of the contract.